#Pakistan Stock Exchange in Karachi

[10bmnews]

PSX surges after Moody's revises Pakistani banks' outlook to positive

Stock brokers monitor the share market prices at a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, July 3, 2023. — Reuters The bourse surged on Thursday as investor sentiment soared, driven by growing optimism over a potential resolution to the circular debt crisis in the energy sector and a significant upgrade of Pakistani banks by Moody’s Ratings. Market momentum…

[therepublicreport]

PSX ends higher amid low inflation

Listen to article KARACHI: Pakistan Stock Exchange (PSX) closed the week on a positive note, driven by improved domestic liquidity and investor optimism ahead of the International Monetary Fund’s (IMF) first review under the $7 billion Extended Fund Facility (EFF). Inflation in February 2025 dropped to a 113-month low of 1.5% year-on-year (YoY) – the lowest level since September 2015.…

[biographyit]

PSX opens week on subdued note amid Trump's tariffs on China, Canada, Mexico

KSE-100 Index declines to intraday low of 112,914.5, shedding 1,341.22 points, or -1.17% Brokers are busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Friday, January 31, 2025. — PPI The capital market started the week on a subdued note, as global market instability and trade tensions weighed on investor sentiment. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index…

[brookstonalmanac]

Events 12.28 (after 1940)

1941 – World War II: Operation Anthropoid, the plot to assassinate high-ranking Nazi officer Reinhard Heydrich, commences. 1943 – Soviet authorities launch Operation Ulussy, beginning the deportation of the Kalmyk nation to Siberia and Central Asia. 1943 – World War II: After eight days of brutal house-to-house fighting, the Battle of Ortona concludes with the victory of the 1st Canadian Infantry Division over the German 1st Parachute Division and the capture of the Italian town of Ortona. 1944 – Maurice Richard becomes the first player to score eight points in one game of NHL ice hockey. 1948 – The DC-3 airliner NC16002 disappears 80 kilometres (50 mi) south of Miami. 1956 – Chin Peng, David Marshall and Tunku Abdul Rahman meet in Baling, Malaya to try and resolve the Malayan Emergency situation. 1958 – "Greatest Game Ever Played": The Baltimore Colts defeat the New York Giants in the first ever National Football League sudden death overtime game at New York's Yankee Stadium to win the NFL Championship. 1967 – American businesswoman Muriel Siebert becomes the first woman to own a seat on the New York Stock Exchange. 1972 – The last scheduled day for induction into the military by the Selective Service System. Due to the fact that President Richard Nixon declared this day a national day of mourning due to former President Harry S Truman's death, approximately 300 men were not able to report due to most Federal offices being closed. Since the draft was not resumed in 1973, they were never drafted. 1973 – The United States Endangered Species Act is signed into law by President Richard Nixon. 1978 – United Airlines Flight 173 crashes in a residential neighborhood near Portland International Airport, killing 10 people. 1989 – A magnitude 5.6 earthquake hits Newcastle, New South Wales, Australia, killing 13 people. 2006 – War in Somalia: The militaries of Somalia's Transitional Federal Government and Ethiopian troops capture Mogadishu unopposed. 2009 – Forty-three people die in a suicide bombing in Karachi, Pakistan, where Shia Muslims are observing the Day of Ashura. 2014 – Indonesia AirAsia Flight 8501 crashes into the Karimata Strait en route from Surabaya to Singapore, killing all 162 people aboard. 2014 – Nine people die and another 19 are reported missing, when the MS Norman Atlantic catches fire in the Strait of Otranto, in the Adriatic Sea, in Italian waters.

[paknewsinsightspk]

Bearish trend continues in PSX, down 335 points

” KARACHI: The Pakistan Stock Exchange (PSX) 100-index continued its bearish trend on Friday, shedding 335.34 more points, a negative change of 0.39 percent, to close at 85,250.09 points against 85,585.43 points the previous business day, ARY News. reported. A total of 323,919,892 shares were traded during the day as compared to 513,288,944 shares of the previous business day while the shares…

[wocketpockets]

Discovering Stock Exchange Secrets in Pakistan: Easy Guide for Everyone!

Comprehensive Guide Investing in the stock exchange, especially the Pakistan Stock Exchange (PSX), can be both exciting and difficult.

 In this article, we will explain the difficulties of stock trading, focusing on conditioning in Pakistan.

What is Stock Exchange?

The Fundamental Concept

A stock exchange is a business center where buyers and sellers meet to exchange stocks and other forms of financial funding. It provides a platform for businesses to generate funds by releasing offers, as well as for financial professionals to buy and sell these offers

The Pakistani Perspective

In Pakistan, the stock exchange acts as a vital pillar of the financial system. It plays a crucial role in mobilizing savings and directing them towards productive investments.

Pakistan Stock Exchange (PSX)

An Overview

The Pakistan Stock Exchange, commonly known as PSX, is the country’s chief stock showcase. It’s where the offers of freely recorded companies are bought and sold. PSX is headquartered in Karachi and has become the foundation of Pakistan’s financial scene.

To Read More Please visit to our website:https://wocketpocket.pk/stock-exchange-secrets-in-pakistan-easy-guide/

[shahananasrin-blog]

[ad_1] KARACHI: Pakistan Stock Exchange (PSX) has taken the lead as one of the best-performing markets globally, showing a remarkable recovery of 12% in the quarter ending on September 29, 2023. Topline Research has indicated that the future direction of the market will be influenced by several key factors in the upcoming quarter, including the outcome of the International Monetary Fund (IMF) review under the $3 billion loan programme, the rupee-dollar exchange rate, and developments related to the impending elections scheduled for the last week of January 2024. After eleven quarters, PSX’s benchmark KSE-100 index has experienced double-digit growth, surging by 12% on a quarter-on-quarter basis. In terms of US dollars, the index also saw an 11% increase during the third quarter of 2023. The index closed at 46,233 points on Thursday. The market received a boost in the last quarter due to a better-than-expected IMF Stand-By Agreement (SBA) in July 2023, a stable currency, and the announcement of the upcoming elections. According to Bloomberg data, Pakistan’s market ranked sixth among the best-performing markets, following Turkey (37% growth), Romania (27% growth), Sri Lanka (15% growth), Egypt (14% growth), and Ghana (12% growth) in the same quarter. During the quarter, average traded volumes in the cash and ready market increased by 29% year-on-year and 85% quarter-on-quarter to 283 million shares per day. The average traded value also saw a significant rise, increasing by 39% year-on-year and 114% quarter-on-quarter to Rs9.7 billion per day. In the Futures market, average volumes increased by 15% on a yearly basis and 42% on a quarterly basis to 105 million shares per day. The average traded value in the Futures market also witnessed growth, rising by 28% year-on-year and 75% quarter-on-quarter to Rs4.6 billion per day. Foreign interest in the market has also rebounded, with foreign corporations becoming net buyers in the third quarter of 2023, with net buying of $25 million compared to net selling of $10 million in the previous quarter (2Q2023). On the local front, insurance companies and corporations emerged as major buyers, with net buying of $45 million and $25 million, respectively. However, local mutual funds and banks were major sellers, with net selling of $40 million and $37 million, respectively. Key stocks of the KSE-100 index that outperformed the market in the third quarter of 2023 included Standard Chartered Bank (SCBPL) with a 75% increase, Unity Foods (UNITY) with a 61% increase, and Habib Metropolitan Bank (HMB) with a 55% increase. Key sectors that outperformed the market during the quarter included transport, refinery, and automobile parts. Looking ahead, the market’s trajectory will depend on the first review of Pakistan’s economy under the IMF short programme expected in November 2023. The movement of the rupee, which has strengthened by 7% to Rs288/$ in the past three weeks, will also impact the market. Additionally, the handling of the upcoming general elections and inflation trends will be closely watched. Analysts expect inflation to rise in September 2023 due to recent hikes in local fuel prices but anticipate a decline starting in October, with a significant drop expected in the first quarter of 2024. The trend in international petroleum product prices will also influence the market, with higher prices potentially having a negative impact on PSX. Published in The Express Tribune, October 1st, 2023. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation. [ad_2]

[best2daynews]

PSX surpasses 45,000-mark, touches 15-month high

An investor talks on his phone at the Pakistan Stock Exchange. — AFP/File KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index rallied on Tuesday after positive cues as the cash-strapped nation secured much-needed $2 billion in funds from Saudi Arabia. The market rallied as the index closed the day at 570.67 or 1.28% to jump to 45,155.79 points, up from the previous close of…

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[hungamaofficial]

PSX rallies on Moody's upgrade, IMF relief

[ Listen to article KARACHI: The Pakistan Stock Exchange (PSX) closed on Friday on a bullish note as investor confidence remained strong, driven by expectations of a favourable International Monetary Fund (IMF) review and an optimistic earnings outlook. The KSE-100 index gained nearly 450 points, or 0.38%. Market sentiment was further lifted by Moody’s upgrade of Pakistan’s banking sector…

[worldspotlightnews]

NCCPL to collect 13% SST from PSX stockbrokers | The Express Tribune

KARACHI: The National Clearing Company of Pakistan (NCCPL) has announced on Thursday that it will collect Sindh sales tax (SST) at 13% on services to stockbrokers at the Pakistan Stock Exchange (PSX) after the provincial government recently amended the relevant laws. NCCPL will collect SST on its invoices with effect from March 14, 2023. Clearing members, who settle trade deals among brokers and…

[therepublicreport]

PSX rallies on rate cut expectations

Listen to article KARACHI: Pakistan Stock Exchange (PSX) on Friday closed on a bullish note, surging nearly 700 points, as investors anticipated a reduction in the State Bank of Pakistan’s (SBP) key policy rate next week following a decade-low inflation reading of 1.5% in February 2025. A strong rupee, ongoing government discussions on the privatisation of state-owned enterprises (SOEs) and…

[biographyit]

PSX rebounds after three-day decline, investors eye earnings season

KSE-100 Index climbs 1,051.88 points, or 0.94%, reaching intraday high of 112,539.24 points Broker is busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPI The capital market witnessed a rebound on Thursday, snapping a three-day losing streak as investors took advantage of attractive valuations following a deep correction. The Pakistan Stock Exchange’s (PSX)…

[brookstonalmanac]

Events 12.28 (after 1920)

1941 – World War II: Operation Anthropoid, the plot to assassinate high-ranking Nazi officer Reinhard Heydrich, commences. 1943 – Soviet authorities launch Operation Ulussy, beginning the deportation of the Kalmyk nation to Siberia and Central Asia. 1943 – World War II: After eight days of brutal house-to-house fighting, the Battle of Ortona concludes with the victory of the 1st Canadian Infantry Division over the German 1st Parachute Division and the capture of the Italian town of Ortona. 1944 – Maurice Richard becomes the first player to score eight points in one game of NHL ice hockey. 1948 – The DC-3 airliner NC16002 disappears 80 kilometres (50 mi) south of Miami. 1956 – Chin Peng, David Marshall and Tunku Abdul Rahman meet in Baling, Malaya to try and resolve the Malayan Emergency situation. 1958 – "Greatest Game Ever Played": The Baltimore Colts defeat the New York Giants in the first ever National Football League sudden death overtime game at New York's Yankee Stadium to win the NFL Championship. 1967 – American businesswoman Muriel Siebert becomes the first woman to own a seat on the New York Stock Exchange. 1972 – The last scheduled day for induction into the military by the Selective Service System. Due to the fact that President Richard Nixon declared this day a national day of mourning due to former President Harry S Truman's death, approximately 300 men were not able to report due to most Federal offices being closed. Since the draft was not resumed in 1973, they were never drafted. 1973 – The United States Endangered Species Act is signed into law by President Richard Nixon. 1978 – United Airlines Flight 173 crashes in a residential neighborhood near Portland International Airport, killing 10 people. 1989 – A magnitude 5.6 earthquake hits Newcastle, New South Wales, Australia, killing 13 people. 2006 – War in Somalia: The militaries of Somalia's Transitional Federal Government and Ethiopian troops capture Mogadishu unopposed. 2009 – Forty-three people die in a suicide bombing in Karachi, Pakistan, where Shia Muslims are observing the Day of Ashura. 2014 – Indonesia AirAsia Flight 8501 crashes into the Karimata Strait en route from Surabaya to Singapore, killing all 162 people aboard. 2014 – Nine people die and another 19 are reported missing, when the MS Norman Atlantic catches fire in the Strait of Otranto, in the Adriatic Sea, in Italian waters.

[news24fresh]

Gunmen attack Pakistan stock exchange in Karachi, six killed

Gunmen attack Pakistan stock exchange in Karachi, six killed

[ad_1]

Four gunmen attacked the Pakistani Stock Exchange building in the city of Karachi on Monday but security forces soon killed them all, police said.

Two other people were also killed, the military said.

The gunmen attacked the building, which is in a high security zone that also houses the head offices of many private banks, with grenades and guns, Karachi police chief Ghulam Nabi Memon…

[shahananasrin-blog]

[ad_1] KARACHI: Pakistan Stock Exchange (PSX) has taken the lead as one of the best-performing markets globally, showing a remarkable recovery of 12% in the quarter ending on September 29, 2023. Topline Research has indicated that the future direction of the market will be influenced by several key factors in the upcoming quarter, including the outcome of the International Monetary Fund (IMF) review under the $3 billion loan programme, the rupee-dollar exchange rate, and developments related to the impending elections scheduled for the last week of January 2024. After eleven quarters, PSX’s benchmark KSE-100 index has experienced double-digit growth, surging by 12% on a quarter-on-quarter basis. In terms of US dollars, the index also saw an 11% increase during the third quarter of 2023. The index closed at 46,233 points on Thursday. The market received a boost in the last quarter due to a better-than-expected IMF Stand-By Agreement (SBA) in July 2023, a stable currency, and the announcement of the upcoming elections. According to Bloomberg data, Pakistan’s market ranked sixth among the best-performing markets, following Turkey (37% growth), Romania (27% growth), Sri Lanka (15% growth), Egypt (14% growth), and Ghana (12% growth) in the same quarter. During the quarter, average traded volumes in the cash and ready market increased by 29% year-on-year and 85% quarter-on-quarter to 283 million shares per day. The average traded value also saw a significant rise, increasing by 39% year-on-year and 114% quarter-on-quarter to Rs9.7 billion per day. In the Futures market, average volumes increased by 15% on a yearly basis and 42% on a quarterly basis to 105 million shares per day. The average traded value in the Futures market also witnessed growth, rising by 28% year-on-year and 75% quarter-on-quarter to Rs4.6 billion per day. Foreign interest in the market has also rebounded, with foreign corporations becoming net buyers in the third quarter of 2023, with net buying of $25 million compared to net selling of $10 million in the previous quarter (2Q2023). On the local front, insurance companies and corporations emerged as major buyers, with net buying of $45 million and $25 million, respectively. However, local mutual funds and banks were major sellers, with net selling of $40 million and $37 million, respectively. Key stocks of the KSE-100 index that outperformed the market in the third quarter of 2023 included Standard Chartered Bank (SCBPL) with a 75% increase, Unity Foods (UNITY) with a 61% increase, and Habib Metropolitan Bank (HMB) with a 55% increase. Key sectors that outperformed the market during the quarter included transport, refinery, and automobile parts. Looking ahead, the market’s trajectory will depend on the first review of Pakistan’s economy under the IMF short programme expected in November 2023. The movement of the rupee, which has strengthened by 7% to Rs288/$ in the past three weeks, will also impact the market. Additionally, the handling of the upcoming general elections and inflation trends will be closely watched. Analysts expect inflation to rise in September 2023 due to recent hikes in local fuel prices but anticipate a decline starting in October, with a significant drop expected in the first quarter of 2024. The trend in international petroleum product prices will also influence the market, with higher prices potentially having a negative impact on PSX. Published in The Express Tribune, October 1st, 2023. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation. [ad_2]